B2gold Corp Stock Beta
| BTG Stock | USD 2.48 0.04 1.59% |
B2Gold Corp fundamentals help investors to digest information that contributes to B2Gold Corp's financial success or failures. It also enables traders to predict the movement of B2Gold Stock. The fundamental analysis module provides a way to measure B2Gold Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to B2Gold Corp stock.
B2Gold | Beta |
B2Gold Corp Company Beta Analysis
B2Gold Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current B2Gold Corp Beta | 1.15 |
Most of B2Gold Corp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, B2Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
B2Gold Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for B2Gold Corp is extremely important. It helps to project a fair market value of B2Gold Stock properly, considering its historical fundamentals such as Beta. Since B2Gold Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of B2Gold Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of B2Gold Corp's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, B2Gold Corp has a Beta of 1.152. This is 32.41% higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
B2Gold Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses B2Gold Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of B2Gold Corp could also be used in its relative valuation, which is a method of valuing B2Gold Corp by comparing valuation metrics of similar companies.B2Gold Corp is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, B2Gold Corp will likely underperform.
B2Gold Fundamentals
| Return On Equity | 0.0118 | ||||
| Return On Asset | 0.0968 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.33 % | ||||
| Current Valuation | 3.22 B | ||||
| Shares Outstanding | 1.3 B | ||||
| Shares Owned By Insiders | 0.62 % | ||||
| Shares Owned By Institutions | 63.84 % | ||||
| Number Of Shares Shorted | 15.36 M | ||||
| Price To Earning | 15.73 X | ||||
| Price To Book | 0.99 X | ||||
| Price To Sales | 1.96 X | ||||
| Revenue | 1.97 B | ||||
| Gross Profit | 988.1 M | ||||
| EBITDA | 1.11 B | ||||
| Net Income | 10.28 M | ||||
| Cash And Equivalents | 549.46 M | ||||
| Cash Per Share | 0.51 X | ||||
| Total Debt | 191.14 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 5.21 X | ||||
| Book Value Per Share | 2.93 X | ||||
| Cash Flow From Operations | 722.89 M | ||||
| Short Ratio | 0.86 X | ||||
| Earnings Per Share | 0.01 X | ||||
| Price To Earnings To Growth | 4.71 X | ||||
| Target Price | 4.18 | ||||
| Beta | 1.15 | ||||
| Market Capitalization | 3.24 B | ||||
| Total Asset | 4.85 B | ||||
| Retained Earnings | 393.83 M | ||||
| Working Capital | 397.26 M | ||||
| Current Asset | 203.6 M | ||||
| Current Liabilities | 98.92 M | ||||
| Annual Yield | 0.06 % | ||||
| Net Asset | 4.85 B | ||||
| Last Dividend Paid | 0.16 |
About B2Gold Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze B2Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of B2Gold Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of B2Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with B2Gold Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if B2Gold Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with B2Gold Stock
| 0.62 | AG | First Majestic Silver Sell-off Trend | PairCorr |
The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back B2Gold Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling B2Gold Corp to buy it.
The correlation of B2Gold Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for B2Gold Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out B2Gold Corp Piotroski F Score and B2Gold Corp Altman Z Score analysis. For more detail on how to invest in B2Gold Stock please use our How to Invest in B2Gold Corp guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for B2Gold Stock analysis
When running B2Gold Corp's price analysis, check to measure B2Gold Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy B2Gold Corp is operating at the current time. Most of B2Gold Corp's value examination focuses on studying past and present price action to predict the probability of B2Gold Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move B2Gold Corp's price. Additionally, you may evaluate how the addition of B2Gold Corp to your portfolios can decrease your overall portfolio volatility.
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Is B2Gold Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of B2Gold Corp. If investors know B2Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about B2Gold Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.684 | Dividend Share 0.16 | Earnings Share 0.01 | Revenue Per Share 1.57 | Quarterly Revenue Growth (0.14) |
The market value of B2Gold Corp is measured differently than its book value, which is the value of B2Gold that is recorded on the company's balance sheet. Investors also form their own opinion of B2Gold Corp's value that differs from its market value or its book value, called intrinsic value, which is B2Gold Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because B2Gold Corp's market value can be influenced by many factors that don't directly affect B2Gold Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between B2Gold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if B2Gold Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B2Gold Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.